Jerusalem Insurance acquires 72% stake in Arabia Insurance Jordan

Jerusalem Insurance has completed the acquisition of 72% of Arabia Insurance Jordan’s capital, following approval from the relevant authorities. This marks one of the largest transactions in the Jordanian insurance sector.

Financial terms of the deal were not disclosed.

As part of the transaction, Jerusalem Insurance increased its share capital to 16 million JOD (22.6 million USD). The two companies are set to begin their merger process soon, aiming to enhance service quality and improve overall performance.